#31 Steven Hail: Understanding Government Bonds (Part 2)

Dr. Steven Hail, an economist and lecturer at the University of Adelaide with expertise in Modern Monetary Theory, dives into government bonds and their role in economic policy. He unpacks the unusual implications of bond issuance for currency-issuing governments and critiques traditional views. The conversation covers zero and negative interest rates' impact, explores the rationale for targeting 2% inflation, and suggests a progressive transaction tax. Hail also reflects on the growing interest in MMT and its potential for reshaping the economic landscape.